---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-029751"
form_type: "8-K"
ticker: "SLBK"
cik: "0001657642"
company_name: "Skyline Bankshares, Inc."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:47:24.735472+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Skyline Bankshares Q3 net income falls 25% YoY to $2.1M; NIM compresses to 3.66%

## Summary
- Net income of $2.1M ($0.37/share) vs $2.8M ($0.50) in Q3 2022; 9-month net income $7.5M ($1.35) up slightly from $7.4M ($1.32).
- Net interest margin fell to 3.66% from 3.82% in Q2 2023 and 3.70% in Q3 2022, pressured by higher deposit costs.
- Net loans grew 7.95% YoY to $791.1M; core loans annualized +9% in quarter; total deposits declined $37.6M YoY to $908.1M.
- CEO expects continued NIM pressure from deposit competition and rising operating costs; loan growth and relationship banking remain strategic focus.

## SEC filing metadata
- accession: 0001437749-23-029751
- form_type: 8-K
- ticker: SLBK
- cik: 0001657642
- company_name: Skyline Bankshares, Inc.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657642/000143774923029751/0001437749-23-029751-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1657642/000143774923029751/pkkw20231101_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-029751
- JSON: https://secwatch.observer/filing/0001437749-23-029751.json
- Plain text: https://secwatch.observer/filing/0001437749-23-029751.txt

## Key facts
- Earnings Releases
  Skyline Bankshares, Inc. reported the nine months ended September 30, 2023 results: net income $7.5 million, EPS $1.35 per share.
  - Period: the nine months ended September 30, 2023
  - Net income: $7.5 million
  - EPS: $1.35 per share
  - Result: reported results
  source text: For the nine months ended September 30, 2023, net income was $7.5 million, or $1.35 per share, compared to net income of $7.4 million, or $1.32 per share, for the nine months ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657642/000143774923029751/0001437749-23-029751-index.htm
- Earnings Releases
  Skyline Bankshares, Inc. reported third quarter of 2023 results: net income $2.1 million, EPS $0.37 per share.
  - Period: third quarter of 2023
  - Net income: $2.1 million
  - EPS: $0.37 per share
  - Result: reported results
  source text: On November 1, 2023, Skyline Bankshares, Inc. (the “Company”) issued a press release reporting its financial results for the period ended September 30, 2023. A copy of the press release is being furnished as Exhibit 99.1 to this report and is incorporated by reference into this Item 2.02.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657642/000143774923029751/0001437749-23-029751-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.